xard777 wrote: ↑
Tue Feb 23, 2021 1:40 pm
Don't be greedy, instead be consistent, book the Pip$ and walk away.
Xard what do you place for tp and sl because i have seen you also take trades on m5 but for me is risky and they dont go in my direction?
And do you get out when a new dot forms or when candle changes color?
I simply scroll through the TFs, I looked at 5m then 15m and saw a massive TF+1 triangle on the15m and said this will do nicely and took a sell when price was moving UP.
If you look you will see that it went up further making a reverse triangle - you have to allow these triangles to play out - on the 5m it was a nice down move.
As I am not greedy and only require a small move to hit my targets I am usually out before any turnarounds plus I can always re-enter a trade after the turnaround if need be.